As demand for construction machinery is finally rising just about everywhere with the exception of EMEA, management raises its full-year revenue projection from $38-41bn to $42-44bn. The new EPS guidance is $3.50 compared to $2.10. The sales and profit trends turned around in Q2 17. Revenue was up by almost 10% to $11.3bn and operating earnings increased by 59% to $1.25bn. The profit number clearly benefited from management’s strict cost control which is indicated by the fact that the w
26 Jul 2017
Caterpillar raises full-year revenue and profit projections
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Caterpillar raises full-year revenue and profit projections
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
26 Jul 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
As demand for construction machinery is finally rising just about everywhere with the exception of EMEA, management raises its full-year revenue projection from $38-41bn to $42-44bn. The new EPS guidance is $3.50 compared to $2.10. The sales and profit trends turned around in Q2 17. Revenue was up by almost 10% to $11.3bn and operating earnings increased by 59% to $1.25bn. The profit number clearly benefited from management’s strict cost control which is indicated by the fact that the w